EURUSD Weekly Analysis – May 6, 2018

by ForexCycle.com | May 6, 2018 8:12 am
EURUSD’s downside movement from 1.2555 extended to as low as 1.1911. Further decline is still possible in a couple of weeks and next target would be at 1.1700 area. Near term resistance is at 1.2050, a break...

EURUSD Daily Analysis – May 4, 2018

by ForexCycle.com | May 4, 2018 2:45 am
EURUSD remains in the downtrend from 1.2413, the bounce from 1.1937 is likely consolidation for the downtrend. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be...

EURUSD Daily Analysis – May 3, 2018

by ForexCycle.com | May 3, 2018 3:42 am
EURUSD stays below a downward trend line on the 4-hour chart and remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would...

EURUSD Daily Analysis – May 2, 2018

by ForexCycle.com | May 2, 2018 2:03 am
EURUSD’s downside movement from 1.2413 extended to as low as 1.1981. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target...

EURUSD Daily Analysis – May 1, 2018

by ForexCycle.com | May 1, 2018 1:59 am
EURUSD failed to break above the falling trend line on its 4-hour chart, suggesting that the pair remains in the downtrend from 1.2413. As long as the trend line resistance holds, the downtrend could be expected to...

EURUSD Weekly Analysis – April 29, 2018

by ForexCycle.com | April 29, 2018 9:10 am
EURUSD extended its downside movement from 1.2555 to as low as 1.2055, facing the support at bottom of the price channel on the daily chart. A clear break below the channel support would indicate that the uptrend...

EURUSD Daily Analysis – April 27, 2018

by ForexCycle.com | April 27, 2018 12:55 am
EURUSD extended its downside movement from 1.2413 to as low as 1.2096. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next...

EURUSD Daily Analysis – April 26, 2018

by ForexCycle.com | April 26, 2018 3:05 am
EURUSD’s downside movement from 1.2413 extended to as low as 1.2160. Key resistance is now at 1.2245. As long as this level holds, the downtrend could be expected to continue and next target would be at 1.2050...

EURUSD Daily Analysis – April 25, 2018

by ForexCycle.com | April 25, 2018 2:44 am
EURUSD extended its downside movement from 1.2413 to as low as 1.2181, breaking below 1.2214 support. Further decline is still possible after a minor consolidation and next target would be at 1.2150 area. Below here would aim...

USDX Elliott Wave View: Extending Higher As Impulse

by elliottwave-forecast.com | April 24, 2018 2:47 pm
USDX Elliott Wave view in short-term cycle suggests that the decline to 89.22 ended Intermediate wave (B) as Elliott Wave Zigzag correction. Above from there, Intermediate wave (C) remains in progress as Elliott Wave Impulsive sequence with extension looking for...